by The global Corporate Relocation Service Market is estimated to be valued at US$ 17.66 billion in 2023 and is expected to exhibit a CAGR of 7% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Corporate relocation services aid in the transfer of employees and their families from one location to another based on job requirements within an organization or company. These services help in smoothing the relocation process by offering various packages covering packing and unpacking services, accommodation arrangement, visa assistance, home search, and schools and medical facilities search.
Market key trends:
One of the key trends driving the growth of the corporate relocation services market is the growing globalization of businesses. As companies expand their operations globally, the need to relocate employees from one country or region to another has increased significantly. Effective global talent mobility helps multinational corporations to tap into overseas markets easily and play a crucial role in driving their international growth strategies. This has propelled the demand for professional corporate relocation services around the world.
Segment Analysis
The global corporate relocation service market is segmented based on service type into transportation services, moving services, temporary lodging, real estate services, immigration services and others. The transportation services segment dominates the market and is expected to continue its dominance over the forecast period. Transportation services provide hassle-free relocation experience with coordinated packing, shipping and transportation of goods. They ensure safe and on-time delivery of household items to the desired location.
Key Takeaways
The Global Corporate Relocation Service Market is expected to witness high growth, exhibiting a CAGR of 7% over the forecast period from 2023 to 2030, due to increasing globalization of businesses and changing workforce demographics. The US dominates the market currently due to high relocation activities owing to flexible job opportunities and immigration policies in the country. The Asia Pacific region is expected to be the fastest growing market over the next few years due to increasing offshoring activities from developed regions to emerging economies in Asia.
Key players operating in the corporate relocation service market are Graebel Companies, SIRVA, Relocation Management Company (RMC), Crown Worldwide, Santa Fe Group, FIDI Global Alliance, MSI Global Talent Solutions, Cartus, Atlas Van Lines, Allied Van Lines, NorthAmerican Van Lines, Arpin Van Lines, Wheaton World Wide Moving, United Van Lines, Mayflower Transit, Bekins, Beltmann Relocation Group, Corrigan Moving Systems, Clark & Reid, and Eclipse Relocation. Graebel Companies offers full range of relocation services worldwide to help individuals and families relocate seamlessly.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
